Taxman to raid joint accounts:

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5corpio started a blog post Taxman to raid joint accounts:
9 May 2014, 08:25

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Taxman to raid joint accounts:
Wife could lose cash even if it's husband who's in arrears under new proposals

Taxman is asking for new powers to seize money from any bank account

Could raid joint accounts even if only one account holder owes money

Anyone who owes more than £1,000 could be affected by new rules

HMRC is attempting to seized £375milllion over the next four years

The taxman is demanding powers to seize money from couples’ joint bank accounts – even if one partner owes nothing. HM Revenue and Customs wants to be able to take money from any account – including Isas and joint accounts – if it believes someone owes taxes. MPs will today launch a withering attack on the controversial proposal, which they say could cause ‘serious detriment’ to ordinary taxpayers........Read more HERE

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2 comments
- #1
  
  diddlydee commented
  
  9 May 2014, 20:52
  
  Editing a comment
  
  Outrageous! This proposal must be stopped in it's tracks.
- #2
  
  Undercover Elsa commented
  
  10 May 2014, 05:51
  
  Editing a comment
  
  Absolutely! Ridiculous too. If they're doing it because people can circumvent it by opening joint accounts, then equally they can circumvent loss of partners funds by closing joint accounts and opening separate ones can't they? I hate joint accounts anyway, if I want to buy something I don't expect the Spanish Inquisition..but then nobody does do they?
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Taxman to raid joint accounts: